Do you know someone who retired, but then needed to go back to work? Or someone who was living large, and then for financial reasons had to change their lifestyle? Or perhaps you know someone who’s working well beyond the age they once assumed they could retire?
These situations are becoming more and more common as retirees are spending money but lack the information and tools they need to ensure a future that has a steady, reliable income source. The fantasy of retiring to a life of dinners out, golf outings, spur-of-the-moment vacations and volunteering is turning out to be the exception rather than the rule. Why? The economy is changing and the affects of a volatile stock market, low interest rates and rising inflation has taken a toll.
In the 1980s and 90s, the stock market soared in value. People began to think this was the norm and even counted on significant stock gains. If you look at inflation during the 10 years between 1999 and 2009, it averaged about 3 percent. If you had money in the stock market during that time, your money may have lost more than 30 percent of its buying power. If you are preparing to retire, you may not have enough years to recover from those losses.
What can you do now to beat inflation and not lose critical buying power? Learning about annuities is the first step to finding out how you can have a stable, guaranteed income during your retirement years. Rather than stressing out about how your money will do in the markets or whether inflation is growing faster than your investments, annuities can offer a guaranteed lifelong income stream.
There are hundreds of products out there. I’d be happy to help you navigate this critical decision and explain your options to you clearly and succinctly. I have more than 30 years of experience and an A+ rating from the Better Business Bureau. Call me at 877.476.5051 to find out how I can help you select options that will give you peace of mind and make your golden years really shine.
